Banking quote of the day

“The greatest triumph of the banking industry wasn’t ATMs or even depositing a check via the camera of your mobile phone,” notes Barry Ritholtz, a money manager and author of Bailout Nation. “It was convincing Treasury and Justice Department officials that prosecuting bankers for their crimes would destabilize the global economy.”

Barry Ritholtz, quoted by Daniel Gross in “Why Do Banks Get Away With Murder?” (via Quotation of the Day Mailing List)